| EW latest price $116.5900 (0.73%) ($115.5100 - $116.9700) on Fri. Oct. 22, 2021. |
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| Trend Analysis and Forecast |
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Average Daily Percentage Swing | 1.39% (three month average) |
RSI | 79 |
Latest Price | $116.5900(0.73%) |
Stocks Behave Similarly | Similar Stock List |
Daily Trend | EW advances 0.8% a day on average for past five trading days. |
Weekly Trend | EW advances 2.8% a week on average for past two weeks. |
Market Behavior | Rotation from growth to value for large cap. Growth stock sell-off for small cap. |
Correlated ETFs | Broad market will support EW advance at 0% a week (0% probability) IWF(58%) IVW(57%) SPY(57%) IWO(56%) QQQ(55%) |
Factors Impacting EW price | EW will decline at least -0.695% in a week (0% probabilities). VIXM(-30%) UUP(-24%) VXX(-16%) TBT(-5%) IGOV(-3%) |
Explanation | The rally is not sustainable and not supported by the broad market. |
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Relative Volatility | (options are extremely cheap) |
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Market Trend Strength | -0.695% (StdDev 1.39%) |
Hourly BBV | 1.4 () |
Intraday Trend | 0.6% |
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